re: Stone energy. Anyone with info

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Out of Lafayette, have some decent deep water asset(s).

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They're primarily a shitty Marcellus player now.

What's your take on exxi? Think they'll file for bankruptcy?

Ok thanks.

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People put a lot of research into most purchases, like cars, food, and clothes. They make good decisions after doing that research. But for some reason, people don't do the same for their stocks. Maybe they think the research is just too esoteric to do, I don't know. But not researching a company before buying stock for the long term is equivalent to buying a used car without looking it over first - you might come out alright, but you might find you need a new engine, or there could be some issue in between.

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Exactly this. Excellent post.

Lack of pre-purchase research (fundamental or even technical), combined with the psychologically driven need to "get even again" if a stock tanks, is a great way to rack up uncontrolled losses. Watch some of the old YouTube video interviews with WorldCom and Enron investors. The terms "double down" and "dollar cost average" were common, especially as those stocks were spiraling down. Those tactics only work if the business hasn't fundamentally changed. If it has, then you're just throwing good money after bad as you look at a price that's in the rearview mirror. The key is to be able to identify when that's the case. No one is perfect. But luck isn't a very good partner for most people.

As you said, people tend to have a pretty decent set of rules for dealing with debt levels, budgets, buying houses, cars and any number of other things. But when it comes to stocks, it's pretty shocking how people are willing to throw thousands of dollars at gambles.

No offense intended toward the OP. Research doesn't guarantee success. And lack of research doesn't guarantee failure. But at least have some sort of methodology or rule set that drives your investment behavior. But if you're doing this instead of going to Vegas, well... have at it. No harm in gambling with your gambling money.

Still with SLB, on the Rowan Resolute for APC.

What project/field?

drilling or workover?

Taking a big hit today

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It hit my stop I had on at .90, watch this bitch jump to 3$ by the end of the week.

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I'm watching carefully. If it goes any lower I'm probably cutting losses and bailing.

I'm probably gonna set a stop for .85 to avoid another giant downturn in the AM. I can't justify hanging on any lower than that. I'd love for it to bounce back but just not seeing much of any positive news lately.